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SASFIN HOLDINGS LIMITED - GCR affirms ratings assigned to Sasfin Bank Limited

Release Date: 10/07/2020 12:31
Code(s): SFNP SFN     PDF:  
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GCR affirms ratings  assigned to Sasfin Bank Limited

Sasfin Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1987/002097/06)
Ordinary share code: SFN ISIN: ZAE000006565
Preference share code: SFNP ISIN: ZAE000060273

GLOBAL CREDIT RATING CO (“GCR”) AFFIRMS RATINGS ASSIGNED TO SASFIN BANK
LIMITED

On 10 July 2020 GCR affirmed the national scale rating assigned to Sasfin Bank Limited of
BBB+(ZA) and A2-(ZA) in the long and short term respectively; with the outlook accorded as
Negative. At the same time, Sasfin Bank Limited’s long-term international scale rating has been
downgraded, to B and outlook is Stable. The downgrade of the international scale rating reflects
the strained operating environment of South Africa and increasing sector risk due to COVID-19.

The full report on the ratings published by GCR are available on Sasfin’s website:

https://www.sasfin.com/investor-relations/



Johannesburg
10 July 2020

Sponsor
Sasfin Capital (a member of the Sasfin group)

Independent Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 10-07-2020 12:31:00
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